Retail

Communal and outdoor living spaces at retail centers are transitioning from big and flashy to a series of scaled-down living rooms.

Ron Parker, formerly the COO of Union Square Hospitality Group, joins Related to lead their continued expansion with restaurant brands.

The retail property, built a decade ago for $284 million, trades hands for $80 million with plenty of upside opportunity.

Thanks in part to the Toys R Us closure putting several more retail boxes on the market in San Diego, big box absorption increased, with 18 total properties leased last year.

After a phenomenal year of leasing activity, retail leasing fell flat at the end of the year.

Following the shoe store company's bankruptcy filing and decision to close all of its North American locations, the real estate advisory firm will manage a series of auctions.

The collateral for the Madison Realty Capital loan is a 78,318-square-foot commercial building that's over 70% leased.

The city in releasing the RFP is hopeful that the sale of the 18 acres will result in the development of mixed-use, residential or office and or hospitality and retail development on the site.